The Impact of Labor Income Tax Progressivity on the Fiscal Multipliers in the Context of the Fiscal Consolidation

The Impact of Labor Income Tax Progressivity on the Fiscal Multipliers in the Context of the Fiscal Consolidation

Fiscal multipliers depend on several structural characteristics of each economy. In this study it is argued that labor income tax progressivity lowers the fiscal multipliers of fiscal consolidation programs. By calibrating an incomplete‑ markets, overlapping generations model for the United States...

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Bibliographic Details
Main Author:	Mariana Santos
Format:	Article
Language:	English
Published:	Coimbra University Press 2020-12-01
Series:	Notas Económicas
Subjects:	Fiscal multipliers labor income tax progressivity government spending taxation
Online Access:	https://impactum-journals.uc.pt/notaseconomicas/article/view/9213

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